Alaska Unemployment Reserve Fund Bond
AmeriPro Surety Bonds | 844-589-9732
Surety Bond Amount and Purpose
Alaskan entities which are designated as nonprofit organizations, according to Statute 23.20.276, are required by the state to obtain a surety bond as a condition of the designation.
Currently, the amount of the surety bond required is statutorily the greater of $32,000 or 3.2% of the total of wages paid in the 4 most recent calendar quarters. For those who did not pay prior wages, the bond amount is an estimate of what that amount would be based upon your most recent calculations.
This is according to Title 8, Chapter 8.260 of the Alaska Administrative Code.
The purpose of the surety bond is to serve as a financial guarantee that all reimbursements, including penalties and interest, will be paid as owed.
Even three years after your business is no longer an employer or after ending your reimbursable status, you must keep this surety bond in effect.
Qualifying and the Premium
Qualifying for the Alaska unemployment reserve fund bond includes completing an application and having it signed and witnessed. Your application does not need to be notarized. Our agency can begin part of the application with you by phone.
Upon receipt of the completed application, there will be an underwriter review, which includes a credit check inquiry.
To be approved, good credit is required; the rate is 2% of the surety bond amount annually.
Upon approval of your surety bond, our agency issues it along with a Power of Attorney form. Upon receipt, you’ll file sign your bond as Principal, filing it to:
State of Alaska
Department of Labor
Employment Security Division
PO Box 25509
Juneau, AK 99802
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and other surety bonds in Alaska and all 50 states.
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Or, you may fill out the form below and a Surety Agent will contact you…